Aussie hedge fund collects award, hits AUM milestone

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An Australian hedge fund has picked up an international award, coinciding with a new milestone in assets under management.

Blue Sky Hedge Funds' Dynamic Macro was awarded Best Macro Fund at the HFM Asia Hedge Fund Performance Awards in Hong Kong. The fund was also a finalist in the Australian Hedge Fund Awards earlier in the month.

The win comes as Blue Sky Hedge Funds has reached $100m in assets under management after attracting both Australian and international capital.

“Our footprint in New York is helping us build the US side of our business and we look forward to securing further mandates from international allocators,” Blue Sky Hedge Funds managing director Neil Power said.

Power said many Australian investors were behind international benchmarks when it comes to hedge fund collection.

“There is a huge opportunity as investors are starting to recognise the increasingly important role liquid alternatives play in portfolio diversification,” Power said.